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Published on May 15, 2023

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ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds

May 15, 2023
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the backing of many high-profile investors including Goldman Sachs.Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders of ZestMoney, informed employees about their decision on Monday.“Over t

VCs love to talk about AI, but they aren’t writing as many checks as you might think

May 15, 2023
Conventional wisdom around AI investment suggests artificial intelligence should be red hot right now with dollars flying at startups building with AI, akin to what was happening last year with web3 and metaverse companies. Well, guess what? According to a new report from CB Insights, conventional wisdom is wrong — dead wrong.AI has been around for decades, but only recently have we seen a resurge